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TRANSFIRST LLC 2 - 2014
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TRANSFIRST LLC 2 - 2014
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Last modified
7/8/2016 8:37:51 AM
Creation date
6/23/2014 4:04:00 PM
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Contracts
Company Name
TRANSFIRST LLC
Contract #
A-2014-071
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
3/18/2014
Expiration Date
9/30/2015
Insurance Exp Date
12/31/2016
Destruction Year
2020
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21 .1 As n gloomy inducement to Bank to enter into this Merchant Agreement, and to <br />approve the Merchant Application of Merchant, the (uamntort individually and <br />severally, who signed on the Generation- signatu'e litahs) on the Merchant Application, <br />agree to be bound by all terms and provisions of this Merchant Agreement to the same <br />extent and in the s»me manner as Merchant, and unconditionally and irrevocably, <br />personally guarantee the continuing full and faithful performance and payment by <br />Merchant clench and all of Merchant's duties and obligations to Bank under this Merchant <br />Agreement or any other agreement currently in effect or in the future entered into between <br />Merchant or its principals and Bank, as such agreements now exist or arc amended from <br />time to lime, with or without notice to Lineaments) <br />22.2 Merchant and Guarantors) further agree to be bound by file terms and provisions <br />of any Merchant Card Processing Agreement between Bank and any Affiliated- merchant, <br />regardless of whether such agreement currently exists or is executed, amended or <br />supplement at some IUnue date. Merchant and Guarantors) unconditionally and <br />irrevocably announce the full payment and performance of each and all duties and <br />obligations owed to Bank by Merchant Affiliate pursuant to any Merchant Card <br />Processing Agreement The provisions of Section 22.3 apply to the guarantee by Merchant <br />and Guarantors) of the Merchant Affiliate's obligations to Bank under any Merchant Card <br />Processing Agreement <br />22.3 Guarantorts) understands that Bank, without notice to Guarantorlsl, may from <br />tune to time renew or extend the Merchant Agreement, modify rates, limits, charges and <br />fees, or modify the amount or type of services provided to Merchant sill of which may <br />increase the Guarantor's obligations under this Guaranty. Guarantors) further understands <br />that Bank may proceed directly against (Testaments) without first exhausting Batik's <br />remedies against the Merchant, any other person or entity responsible to Bank or any <br />security held by Bank. This Guaranty is a continuing guaranty mid will not be discharged <br />or affected by the release or discharge of Merchant or the death of the Gaamntorts). This <br />Guaranty will bind all heirs, administrators, and representatives of the Guarantor's) and <br />may be enforced by or for the benefit of any successor of Bank. To the fullest extent <br />permissible under applicable law, Guarantors) waives any and all rights of subrogation, <br />reimbursement or indemnity derived from Merchant, all other rights and defenses available <br />to Merchant, and all other rights and defenses available to Gu tramons). <br />P., 7 ol'] UM1I VtvIGRAGivIT v 10.100 <br />
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